By Paul Budd [CC BY-SA 3.0, via Wikimedia Commons |
This invariably reduces the overhead costs of starting
your own business. However there are other cost considerations such as leasing
or purchasing a trailer store or unit.
Other advantages
that come with this arrangement are direct access to huge customer base,
flexibility and quick returns on your investment. Other benefits are low to
zero staff wages including low utility bills
To start the
enterprise you need to determine the type of product to sell. You must
establish the mode of business and type of concession stand.
You need to determine if you are running a permanent
booth or a moveable enterprise or both. Concession trailer business is a highly
lucrative, low startup and a veritable income generating business.
How
to Start a Concession Trailer Stand Business
Write
a Business Plan
Write a simple business plan to guide your concession
stand business. Include in your plan target market, items you want to sell and
sourcing raw materials.
Factor your goals,
objectives and future plans. What are your long and short term goals, services
and purpose? Other important things to consider in your plan are marketing
strategy.
Include in your business plan costs of raw materials and
labor. Decide how to display the menu
and charge reasonable prices.
Some vendors tend to over charge for their products in a
bid to make maximum profit. This is a bad practice and counter productive in
the long run. Revelers tend to move around and will avoid your stand in future.
Permits
and Licensing
Your business needs a trade permit and should abide by local
government provisions concerning food vending. Other things involved are sales
tax, environmental issues and proper waste management.
Register your food
stand as a sole proprietorship and acquire a business name. The type of permit
depends on your country state laws.
Common permits are food safety permit, alcohol and
beverage sales permit and general business license.
Event
List
Obtaining a comprehensive list of events is one of the
most important aspects of concession trailer stand business. The list should
cover festivals, carnivals, flea markets and social events.
You can signup to vend at events that attract huge crowd’s
especially family events. Targeting public holidays, celebratory periods and
festivals is a good plan.
At most events vendors are allocated space to sell their
goods after payment is made. The organization and preparation is usually
carried out several days or weeks before event.
Not all events
attract payment however permission is required from organizers or local
government.
Determine
Target Audience
Before you start a concession stand you need to know what
to sell. Food based items are popular because they attract huge patronage.
Common events that attract patronage are trade fairs,
live shows and carnivals. Food items to sell include snacks, beverage drinks,
cooked food, baked items and pizza.
Other food items include barbecue meat, popcorn,
lemonade, candy, fried or roasted items and ice cream. Your job is to target a
niche market and provide service or sell a product.
Mobile
or Stationary
Your concession trailer stand could be stationary or mobile. Operating a stationary trailer is akin to
owning a residential business address.
There are limitations to running a stationary business.
The business is limited to location and human or vehicular traffic.
A mobile stand is more dynamic and a better plan. This is
because you service targeted crowds hungry and eager to buy your product or
service.
In our opinion we would advice running both systems. This
is because notable events are infrequent and instead of waiting for the next
event your stationery trailer is still in business.
This guarantees revenue income throughout the year.
Irrespective of your choice you need a trailer unit or stand.
Purchase a concession trailer or lease according to your
needs or event. Leasing drastically reduces the cost of operation and frees more
funds for raw materials, venue payments and permits.
Before purchasing the trailer or stand make sure it
accommodates your business template, equipment and functional.
Locate the Stationary Trailer.
A stationary trailer needs to meet local government laws
and permits. The location you choose should have heavy human traffic and
vehicular movement.
Purchase
Equipment
Food vendors need a fully fit kitchen to operate. Common
equipment's are cooker, microwave, small ovens or grills.
The equipment you purchase depends on the type of food
you want to sell. The equipment should fit snugly into the small space of your
trailer.
Develop
a Menu
The next step is to develop a menu that is fun and
delicious. Specialize in only a few or one item and purchase raw materials
according to your needs.
Make sure your food meets the expectation of your
customers. Purchase raw materials needed for the menu in bulk from wholesalers.
This reduces the cost in the long run. However perishable
goods are better bought fresh.
Promote
the Business
Concession stand use print media to promote the business.
The types of print are flyers and banners to attract passersby. Your trailer
should be attractive enough to woe revelers.
How to Open a Pizza Shop
How to Open a Pizza Shop
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